Wednesday, 29 January 2014

GOLD TREND FOR TODAY- 30-Jan-2014

Gold is in perfect uptrend .Currently Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 29457-29418-29273-29158-29153-28932-. Immediate resistance for Gold is 29968
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position Gold is in profit booking mode so hold with stop at 29455 The Gold is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 30071.6 with a stop at 29542 Below 29405.5 go for sell and put stop at 29934.5
Intraday Resistance of GOLD are 30011.6 : 30238.6 : 29997.2 : 30033.3
Intraday Support of GOLD are 29464.4 : 29237.4 : 29479.9 : 29444.2

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